ASEL – Quarterly Earnings Release | Q2 & H1FY25
The Board of Directors of Avadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) at its meeting held on November 12, 2024 took on record the unaudited Financial Results for the Quarter and Half Year Ended 30 September 2024.
Q2FY25
§ Total Income in Q2FY25 at Rs. 634 Cr as against Rs. 799 Cr in Q2FY24.
§ EBITDA in Q2FY25 at Rs. 36 Cr as against Rs. 78 Cr in Q2FY24.
§ PAT in Q2FY25 at Rs. 1 Cr as against Rs. 29 Cr in Q2FY24.
H1FY25
§ Total Income in H1FY25 at Rs. 1342 Cr as against Rs. 1,481 Cr in H1FY24.
§ EBITDA in H1FY25 at Rs. 94 Cr as against Rs. 151 Cr in H1FY24.
§ PAT in H1FY25 at Rs. 10 Cr as against Rs. 51 Cr in H1FY24.
Commenting on the results, Mr. C.S. Nopany, Co-Chairperson, Avadh Sugar & Energy Ltd said: “The sugar season 2023-24 witnessed a subdued ethanol policy with the Government of India restricting the diversion of sugar into ethanol under the apprehension of shortage of sugar in the domestic markets. While these apprehensions were easily overcome, the projections for SS2024-25 remain cautiously optimistic. Our recent performance reflects the resilience of our business model, but the rising production costs and stagnant ethanol prices have created a critical need for timely policy interventions. These adjustments are essential to ensure the financial sustainability of mills, enable timely payments to farmers, and support the government’s ambitious ethanol blending targets.
By addressing these key issues, we can continue to strengthen our position in the market, improve profitability. At Avadh, we remain focused on long-term growth and are optimistic that with the right policy support, the sugar industry will continue to thrive, delivering value to all our stakeholders.”
MSEL – Quarterly Earnings Release | Q2 & H1FY25
The Board of Directors of Magadh Sugar & Energy Limited (MSEL) (BSE: 540650 / NSE: MAGADSUGAR) at its meeting held on November 11, 2024, took on record the unaudited Financial Results for the Quarter and Half Year ended September 30, 2024.
Financial & Operational Highlights:
Financial Highlights:
Q2FY25
§ Total Income in Q2FY25 at Rs. 324 Cr as against Rs. 289 Cr in Q2FY24.
§ EBITDA in Q2FY25 at Rs. 21 Cr as against Rs. 33 Cr in Q2FY24.
§ PAT in Q2FY25 at Rs. 5 Cr as against Rs. 15 Cr in Q2FY24.
H1FY25
§ Total Income in H1FY25 at Rs. 684 Cr as against Rs. 590 Cr in H1FY24.
§ EBITDA in H1FY25 at Rs 57 Cr as against Rs. 72 Cr in H1FY24.
§ PAT in H1FY25 at Rs. 17 Cr as against Rs. 31 Cr in H1FY24.
Commenting on the results, Mr. C.S. Nopany, Chairperson, Magadh Sugar & Energy Ltd said: “At Magadh, we are committed to maintaining operational excellence despite the significant challenges faced by the sugar industry. The Government’s recent decision to lift restrictions on the use of cane juice, syrup, and B-heavy molasses for ethanol production holds significant potential. It is essential that the Government provides the right policy framework to support both the sugar and ethanol sectors, ensuring that mills can continue to operate efficiently and meet the growing demand.
We remain committed to driving sustainable growth through strategic investments in increasing our production capacity. We are confident that with the right policy support, the sector can successfully navigate these challenges and continue to contribute significantly to the future.” The ongoing capex program for increasing crushing capacity coupled with steam saving measure at Narkatiagunj unit will be operational with the beginning of new crushing season 2024-25.“
